By: Matt Yu, You Kai-hsiang and Evelyn Kao
Taipei, Dec. 30 (CNA) Taiwan will continue to demonstrate its determination to join
the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Foreign Affairs (MOFA) said Sunday as the free trade agreement took effect.
In congratulating CPTPP members for bringing the deal to fruition, the ministry expressed hope that Taiwan could be accepted into the trade bloc along with other new members because of the deal’s importance for economic development in the region and the world.
The CPTPP came into being after President Donald Trump pulled the United States out of its predecessor — the Trans-Pacific Partnership — just days after he took office in January 2017.
The other 11 TPP countries — Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam — renegotiated the free trade deal and called the new version the CPTPP. [FULL STORY]